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1333 Terrace Drive

1333 Terrace Drive, Reno, NV 89503
Property in Campus Heights
Sold May 26, 2021
$458,000
$200,000 by Amerisave Mortgage Corp
Mortgage Due Jun 01, 2051
Sold Sep 21, 2018
$458,000
1333 Terrace Drive in Reno, NV was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1961. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1333 Terrace Drive has 1,193 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,520 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with a wall air conditioning unit. As for heating, the home is utilizing baseboard heaters. The property was last sold in May 6, 2021 for $458,000. That's $383.91 per sqft. Prior to that sales transaction, the property was also sold in Sep 19, 2018 for $458,000. 1333 Terrace Drive was last assessed in 2024. The total value of the property was assessed at $55,456. Specifically, the land the property is located on was valued at $41,195. While improvements on the property were assessed at a total of $14,261. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $814. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,520
  • Total Building Area: 1,193
  • Gross Building Area: 1,225
  • Building Area: 1,193
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Baseboard
  • Heated Square Feet: 1,193
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CAMPUS HEIGHTS
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAMPUS HEIGHTS LT 4 BLK B

Ownership

  • Current Owner : MARKUS TODD L
  • Current Owner 2: MARKUS JENNIFER A
  • Previous Owner : BOOBOO PROPERTIES LLC
  • Owner Before Previous Owner: ANN RICHARD MERVYN DEAN
  • Owner Before Previous Owner 2: ANN RICHARD PATRICIA
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001504

Zoning

  • Zoning: MU

Geography

  • Assessors Map Reference: 007-12
  • Parcel: 007-123-04
  • Block: B
  • Lot: 4
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5412
  • Longitude: -119.818

    Address

  • Full Address: 1333 Terrace Dr
  • Address - House Number: 1333
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C020
  • 4-Digit Zip Code: 3028
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $814
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1501
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 421,326
  • High Value: 484,603
  • Low Value: 358,049

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 26, 2021
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $91,360
  • Market Land Value: $61,400
  • Market Improvement Value: $29,960

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $55,456
  • Assessed Land Value: $41,195
  • Assessed Improvements Value: $14,261

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Transaction ID: 11837763763
  • Current Sale Price: $458,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 5185759
  • Previous Sale Recording Date: Sep 21, 2018
  • Previous Sale Contract Date: Sep 19, 2018
  • Previous Sale Amount: $458,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Mortgage Transaction Date: May 26, 2021
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

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Frequently Asked Questions

What neighborhood is 1333 Terrace Drive located in?
The 1333 Terrace Drive is a other located in the neighborhood of Campus Heights in University of Nevada, Reno.
What is the average sales price for listings in 1333 Terrace Drive?
The average sales price for units in 1333 Terrace Drive is $0 currently.

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